Customers often don’t know what they want until they see it, but many companies -and even investors - spend an extraordinary amount of time and money asking them,
Misplaced focus is nothing new and history is full of examples where customer feedback would have led companies astray.
Early-stage investing follows a similar trend and it’s doubtful that a company like Google would get funded in today’s venture capital climate.
Venture capitalists love asking founders, “What problem are you solving?” but that often limits the scope of thinking to marginal innovation.
All of this begs the question of whether a company that truly changes the world could come from the 90% of investment that goes into marginal innovation.
Incremental improvements are important, but transformative innovation is where real disruption happens.
The challenge for investors, marketers, and entrepreneurs isn’t just to answer the right questions - it’s to dare to ask the questions no one else has seen yet.